Ecnec approves 10 projects The Executive Committee of the National Economic Council (Ecnec) yesterday approved 10 development projects, half of which were revisions. The cost and deadline of some of them have been extended twice or thrice despite repeated directives from government high ups for not allowing unusual delays. Five

GDP size up, growth down as new base year takes effect The economic growth rates posted in recent years were revised downwards but the size of the economy expanded thanks to a new base year adopted by the Bangladesh Bureau of Statistics (BBS). For example, Bangladesh’s gross domestic product (GDP)

Sonali Paper sees robust growth in EPS Sonali Paper & Board Mills saw a robust growth in EPS (earnings per share) for July-September, 2021 compared to same period of previous year riding on increased sales and reduced finance cost. The company has reported its EPS of Tk. 6.66 for July-September

Forex reserve hits record $46b Bangladesh’s foreign exchange reserve yesterday hit a record high of $46 billion thanks to the upward trend of remittance. The reserves, one of the major macroeconomic indicators of an economy, went up 23.6 per cent in the last one year to stand at $36.03 billion

ADB approves $940m loan for vaccine purchase The Asian Development Bank yesterday approved a loan package of $940 million for Bangladesh to help the country buy Covid-19 vaccines. The package comprises a regular loan and a concessional loan of $470 million each, the Manila-based lender said in a press release.